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Avalanche Price Analysis: Bulls eye $75

Avalanche price analysis

TL;DR Breakdown

  • AVAX/USD is currently at $71.
  • Avalanche price analysis is bullish.
  • Support is retained at $63.5.

The most recent Avalanche price analysis indicates an upswing, with the price has risen considerably in the last 24 hours. The value of AVAX/USD has improved significantly to $70.54 due to the bullish surge, which has resulted in a significant increase in its price. Although the price fell at times, overall, the bulls have dominated the market significantly, retaining support at $63.5, which is well below the current price of the cryptocurrency.

The SMA 20 curve is rising faster than the SMA 50 curve, further confirming the upswing. The Bollinger bands indicator has also changed values, with the upper band now standing at $70.85 rather than $63.43. The Relative Strength Index (RSI) score has improved to 57.

Avalanche price analysis: Positive price movements

The four-hour Avalanche price analysis is predicting a significant price rise, with the bulls leading. In the previous four hours, too, coin value has increased, and the price has recovered to $70.524. The price has been steadily rising for the last several hours and is expected to reach higher levels soon. The four-hour pricing chart also shows that the SMA 20 curve is rising faster than the SMA 50 curve, confirming an upswing.

The cryptocurrency has been able to break out of the resistance at $64.306 and has been able to move above the downtrend line as well. The Bollinger bands indicator has also changed values, with the upper band now standing at $70.85 rather than $63.43, which indicates that the price of Avalanche will be rising in the coming hours. The Relative Strength Index (RSI) score has improved to 57.

The four-hour Avalanche price analysis is displaying a significant upswing, with the bulls having the upper hand. The most recent forecasting model traces that the uptrend is likely to continue in the coming hours, with the value of the cryptocurrency expected to rise further. As per our latest price analysis, it seems like AVAX has fallen prey to market manipulators once again.

Avalanche Price Analysis: Bulls eye $75 1
AVAX/USD 4-hours price chart. Source: TradingView

The price volatility has increased, which implies that future price changes may be limited. This has also resulted in the top Bollinger band approaching $75.58 and the lower Bollinger band touching $65.89, with an increase in volatility observed. The RSI curve is rising as the score has been improved to 59.23, indicating a strong uptrend.

On the four-hour Avalanche price analysis, it is being predicted that the bulls have gained a considerable amount of momentum and are likely to continue with their upswing in the future as well. It has been found that at present, the value of Avalanche has improved considerably and is expected to reach $74.65 soon, with a resistance found at $76.

The technical indicators chart shows a strong buying tendency as the price has covered high stages in recent weeks. There are 17 signals on the purchase mark, nine on the neutral mark, and zero on the selling market.

Avalanche Price Analysis: Conclusion

In the last 24 hours, the Avalanche price analysis shows that a price rise has occurred. The price has been on an upswing for several weeks and is still climbing today, reaching $70. The upward momentum will increase even further as both hourly and daily predictions show positive outcomes in the coming days.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Sergio Goschenko

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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